Crown Closes In On $400M Sri Lankan Casino Resort Plan

Law360, New York (October 18, 2013, 5:45 PM EDT) -- Australian lodging and gaming giant Crown Ltd. confirmed Friday that it is in advanced talks with Sri Lankan officials to seal up plans for a $400 million casino resort project in the developing country, according to an investor filing.

Crown also confirmed that it is in discussions with potential joint venture partners, according to a Friday Australian Stock Exchange filing. The company is already linked to local developer Rank Holding (Pvt.) Ltd. for the project.